A proposed ethanol pipeline could create nearly 80,000 jobs across the country, according to a new feasibility report. The report, from consulting firm LECG, shows that the majority of the jobs created will be in the construction and transportation industries and the pipeline project would provide approximately 1,100 permanent jobs after construction is complete. Ethanol producer POET formed a joint …
Pacific Ethanol Stock Rebounds
Pacific Ethanol resumed production at its Burley, Idaho ethanol plant earlier this month and that paid off with a big jump in the share price this week. The company fired up its 60 million gallon per year Magic Valley facility on January 6, after being shut down for almost a year. “We are pleased to restart our Magic Valley facility …
Ethanol Groups React to California LCFS Approval
Ethanol advocacy organizations challenging California’s low carbon fuel standard (LCFS) are disappointed with approval for implementation this week by the state’s Office of Administrative Law (OAL). “Pursuing this strategy runs counter to the stated goals of Governor Schwarzenegger and the State Assembly to reduce carbon emissions from motor vehicles,” said Renewable Fuels Association President Bob Dinneen. “As crafted, the LCFS …
Biobutanol Makes Splash in California
Biobutanol got a boost from California Governor Arnold Schwarzenegger Tuesday at the launching of a Cobalt Technologies pilot plant in his state, Schwarzenegger said biobutanol will meet California’s Low Carbon Fuels Standard (LCFS), which was approved this week by the state’s Office of Administrative Law. “It is great companies like Cobalt that will help California meet our greenhouse gas reduction …
Record Corn Crop for 2009
There may still be corn left standing in the snow, but USDA says the 2009 corn crop was a record setter. In today’s crop production summary report, USDA projects U.S. corn production at a record 13.2 billion bushels, up from 12.9 billion bushels projected in USDA’s December forecast and 1 percent above the previous record of 13.0 billion bushels set …
Brazil May Reduce Level of Ethanol Blends
With a shortfall of sugarcane due to excessive rain, Brazil’s Agriculture Minister Reinhold Stephanes announced that they are considering reducing the amount of mandatory ethanol blended with gasoline. Today, all stations are required to sell gasoline mixed with a minimum of 20-25 percent ethanol. If enacted, the change could take effect as soon as this week but Stephanes has not …
Novozymes Receives $28.4 Million To Advance Biofuels
Novozymes has received a $28.4 million tax credit to aid in the construction of the company’s new enzyme manufacturing facility in Blair, Nebraska. Specifically, Novozymes has received an Advanced Energy Manufacturing Tax Credit from the Obama administration. Once complete, the plant will produce enzymes used during the production of advanced biofuels and create more than 100 ‘green’ jobs. The tax …